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Government offers $27.7 million to fund green projects

Climate change

Growing a greener future: New funding is set to provide solutions to climate change and create new green jobs.

Credit: Wikimedia

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The Australian Government has promised to boost jobs and the green industry by injecting $27.7 million into eco-projects.

A total of 32 new green projects will receive funding under the Climate Ready program, spanning everything from wind turbine production for renewable energy and tree planting projects for carbon pollution reduction, to carbon neutral biofuel processors and waste management and processing technology.

â€œThe strong response to the program demonstrates the willingness of our innovative businesses to embrace the challenge of combating climate change,â€ said Senator Kim Carr, Minister for Innovation, Industry, Science and Research.

â€œNot only have theseâ€¦innovative projects identified ways to reduce greenhouse gas emissions, but each will help boost the economy in the midst of the global financial crisis.â€

The projects are set to support around 400 jobs â€“ many of which require a high level of specific skill, and may not have been made available in the absence of the funding.

Indeed, the Climate Ready program is a step towards greening our work force and industries, Senator Carr said, while helping businesses â€œovercome both environmental and financial obstaclesâ€.

"It is about working in partnership with industry to support our best green ideas and in turn [create] high-wage, high-skill jobsâ€¦[and through] Climate Ready, innovative companies have an opportunity to create new industries by turning good ideas into commercial reality.â€

Climate Ready is part of the Rudd Governmentâ€™s Clean Business Australia initiative, a $240 million partnership between the Government and industry, dedicated to delivering innovative energy- and water-efficient projects.